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Corporate Tax Services in Dubai, UAE

Corporate Tax in the UAE? Don’t worry! Our best UAE corporate tax consultants will register your business for corporate tax and help you with corporate tax planning in Dubai.

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The Best Corporate Tax Consultants in Dubai

Starting June 1, 2023, the Ministry of Finance (MoF) introduced a new federal corporate tax system, prompting businesses in Dubai to reevaluate their tax strategies. Navigating these changes can be challenging, but finding the right corporate tax services in Dubai can make all the difference.

Look no further than CoHUB for exceptional corporate tax advisory services. We are a leading corporate tax consultancy in the UAE, dedicated to assisting businesses of all sizes. Our goal is to simplify the complexities of corporate taxes and help you achieve optimal tax outcomes.

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    Corporate Tax Services in the UAE to Avoid Penalties

    Effective corporate tax planning is crucial for businesses to avoid penalties, reduce costs, and alleviate the burden on internal teams.

    Impact Assessment

    We conduct a comprehensive initial assessment to gauge the impact of corporate tax (CT) and transfer pricing (TP) foreign direct investment on your business. This includes evaluating the effects on your group structure and individual entities, as well as analyzing Foreign Direct Investment (FDI) decisions. We perform a cost-benefit analysis of pre-tax and post-tax returns on FDI to inform strategic decisions.

    Detailed Analysis Based on Legislation

    Our team assists in identifying opportunities for restructuring and optimization by reviewing existing contracts with suppliers and customers. We help with decisions related to dividend distribution on cross-border investments and offer support for merger and acquisition strategies, especially in cases involving significant losses by group companies.

    Implementation

    We guide you through the implementation of necessary changes to legal documents to comply with Corporate Tax laws. Our services include designing Transfer Pricing (TP) policies, adjusting legal and operating structures, refining capital structures, and enhancing tax functions. We provide continuous coordination with your management team to ensure the most effective outcomes for your tax structuring.

    Post-Implementation Support

    After implementing the required changes, we offer ongoing support to ensure continued compliance and optimize tax strategies. This includes monitoring the effectiveness of tax structures, adjusting to any changes in legislation, and providing advice on future tax planning.

    Why Choose CoHUB?

    Expertise in Compliance

    We ensure your business remains compliant with the UAE’s evolving tax regulations.

    Tailored Services

    Our team works to optimize your tax strategy, helping you maximize savings and improve financial efficiency.

    Detailed Analysis Based on Legislation

    We provide customized corporate tax consulting services designed to meet your specific business needs.

    Benefits of Corporate Tax Services in the UAE

    Navigating the complexities of corporate tax laws in the UAE can be challenging, but leveraging expert corporate tax services offers numerous advantages. Here’s how professional tax consultancy can benefit your business:

    1. Ensures Compliance

    Corporate tax services ensure that your business adheres to UAE tax regulations, avoiding penalties and legal issues. Consultants stay updated with the latest laws and amendments, helping you stay compliant.

    2. Optimizes Tax Strategy

    Professionals help in devising tax strategies that optimize your tax liabilities and maximize savings. This includes identifying eligible deductions, credits, and structuring opportunities.

    3.Reduces the risk of penalties

    By ensuring timely and accurate tax filings, corporate tax services reduce the risk of fines and penalties associated with non-compliance. This proactive approach helps in avoiding costly mistakes.

    4. Improves financial efficiency

    Tax experts assist in streamlining your tax processes and systems, which improves overall financial efficiency. This includes automating tax calculations and reporting procedures.

    5. Provides strategic insights

    Consultants offer valuable insights and advice on tax implications related to business decisions, such as mergers, acquisitions, and investments. This helps in making informed strategic choices.

    6. Facilitates Efficient Implementation

    Consultants assist in the implementation of tax strategies and changes, ensuring that all legal and operational adjustments are made efficiently and in compliance with regulations.

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    Frequently Asked Questions (FAQs)

    How are corporations taxed in the UAE?
    Corporations in the UAE are subject to a federal corporate tax system introduced on June 1, 2023. Under this system, businesses are taxed on their profits, with the standard rate set at 9% for profits exceeding AED 375,000. Profits up to AED 375,000 are taxed at 0%. This new tax framework applies to both local and foreign businesses operating in the UAE.
    Where to register for corporate tax in the UAE?
    To register for corporate tax, businesses must apply through the Federal Tax Authority (FTA). The registration process involves visiting the FTA's e-services portal on eservices.tax.gov.ae and logging into the EmaraTax Portal. This portal provides access to the registration form and necessary instructions for completing the application.
    What is qualifying income in UAE corporate tax?
    Qualifying income refers to the types of income subject to corporate tax under UAE regulations. This generally includes:
    • Business Profits: Income generated from the main business activities.
    • Investment Income: Profits from investments, such as dividends and interest, depending on specific conditions and exemptions.
    Is a free zone exempt from corporate tax?
    Businesses operating in UAE free zones benefit from certain tax incentives, including exemptions from corporate tax for a specified period, typically 15 to 50 years, depending on the free zone's regulations. However, they must meet specific criteria and comply with free zone rules to maintain their tax-exempt status. Free zone companies must also adhere to federal tax requirements for certain types of income and transactions.
    What is Corporate Tax in the UAE?
    Corporate Tax in the UAE is a federal tax imposed on the profits of businesses. Effective from June 1, 2023, this tax is designed to align with international tax standards and diversify the UAE's revenue sources. The tax rate is 9% for profits exceeding AED 375,000, while profits up to AED 375,000 are taxed at 0%.
    What are the key deadlines for corporate tax filing in the UAE?
    Businesses must adhere to specific deadlines for corporate tax filing, which include:
    • Annual Tax Return: Must be filed within 9 months after the end of the financial year.
    • Advance Payments: Depending on the company's estimated tax liability, advance payments may be required.